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Tagged : mortgage lender

Found 1 blog entry tagged as "mortgage lender".

Your lender will look at scores from each of the three credit bureaus: Equifax, Experian, and TransUnion. Most lenders will then drop the highest and lowest and use the middle score in making their determination. Your credit score is affected by a number of different factors and plays different roles in different loan scenarios.  

creditscoretobuyahouse

 

How are credit scores calculated?

Credit or FICO scores are based on a combination of the following factors:

  •        Payment History (35%)
  •        Amount of Credit Used (30%)
  •        Age of Credit (15%)
  •        Mix of Credit Types (10%)
  •        New Credit Inquiries (10%)

Credit Scores for All Types of Mortgages

Your credit score is affected by a number of different factors and plays different

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